Emera Reports Q2 Adjusted Earnings of $0.79, Up 49% from Last Year

Emera's Q2 adjusted EPS rose 49% to $0.79, beating estimates, driven by strong performance in its energy services business. The company's reported EPS was $0.45. Emera's shares are expected to begin trading on the NYSE on or around May 28, 2025.

Emera Inc. (TSX/NYSE: EMA) reported its second-quarter 2025 financial results, highlighting a 49% year-over-year growth in adjusted earnings per share (EPS) to $0.79, surpassing analyst expectations. The company's reported EPS was $0.45, driven by strong performance in its energy services business [1].

The quarterly adjusted net income stood at $236 million, compared to $151 million in the same period last year. This increase was primarily attributed to higher earnings at Tampa Electric (TEC), Emera Energy Services (EES), and New Mexico Gas Company (NMGC), offset partially by lower earnings at Nova Scotia Power (NSPI) and charges related to the sale of Emera's equity interest in the Labrador Island Link (LIL) [2].

Emera's President and CEO, Scott Balfour, attributed the growth to favorable weather conditions in Florida, customer growth, and lower corporate costs. The company remains committed to its 5%-7% annual average EPS growth guidance through 2027 and expects a 7%-8% rate base growth through 2029. Balfour emphasized the need for capital investments to enhance reliability and support economic growth [2].

Analysts have a "hold" rating on Emera's shares, with 7 "strong buy" or "buy," 7 "hold," and 1 "sell" or "strong sell" recommendations. The stock recently traded at 19 times the next 12-month earnings, compared to a P/E of 19 three months ago [1].

Emera's shares are expected to begin trading on the NYSE on or around May 28, 2025 [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX6A4D1E:0-energy-services-firm-emera-s-q2-adjusted-eps-up-49-beats-estimates/
[2] https://www.stocktitan.net/news/EMA/emera-reports-2025-second-quarter-financial-9yh2b0id0fbj.html